2015-2016 Private Loan Programs

In November of 2014, Harvard sought proposals from lenders offering non-federal education loans for the 2015-2016 academic year through an open Request for Information (RFI) process. The RFI was designed so that Harvard could provide information to its graduate and professional students on private loan products that have competitive rates and other borrower benefits. Harvard graduate and professional students are not required to use the lenders on these lists. In addition, domestic borrowers may qualify for federal loans and the terms and conditions of these federal funds may be more favorable than the terms and conditions of private education loans.

Due to the economic climate, rates and loan terms may change throughout the year for some loans offered by these lenders. We are providing links to their websites so that students have access to their most up to date information. When searching for loans, prospective borrowers should review all materials closely and contact the lender to clarify any questions or concerns.

When comparing loans it is important to consider the following:

  • Cosigner Requirements and Cosigner Release Options
  • Interest Rate: Variable or Fixed, Index and Margins, Interest Capitalization Policies
  • Borrower Benefits: Interest Rate Reductions for ACH and Cosigners, On-time payment incentives
  • Fees: Origination Fees, Late Fees, Return Check Fees
  • Repayment Options: Repayment Start Dates, Years In Repayment
  • Grace Period, Deferment and Forbearance Options

Lenders who responded to our 2015-2016 RFI with Bar, Residency & Relocation, and Consolidation Loans can be found here. All other loan programs have been removed since our 2015-2016 academic year is over. For information on 2016-2017 private loans, please visit ELMSelect and search for Harvard University.